Several other institutional investors have also recently made changes to their positions in RY. Advisory Resource Group raised its holdings in Royal Bank Of Canada by 5.3% in the 1st quarter. Advisory Resource Group now owns 8,849 shares of the financial services provider’s stock worth $997,000 after purchasing an additional 446 shares during the period. Community Bank N.A. increased its position in Royal Bank Of Canada by 31.3% in the first quarter. Community Bank N.A. now owns 10,094 shares of the financial services provider’s stock worth $1,138,000 after buying an additional 2,406 shares in the last quarter. Clarius Group LLC increased its position in Royal Bank Of Canada by 5.3% in the first quarter. Clarius Group LLC now owns 3,533 shares of the financial services provider’s stock worth $399,000 after buying an additional 179 shares in the last quarter. Wagner Wealth Management LLC raised its stake in shares of Royal Bank Of Canada by 2.2% in the first quarter. Wagner Wealth Management LLC now owns 6,421 shares of the financial services provider’s stock worth $724,000 after buying an additional 137 shares during the period. Finally, Berkshire Bank lifted its position in shares of Royal Bank Of Canada by 8.3% during the 1st quarter. Berkshire Bank now owns 2,739 shares of the financial services provider’s stock valued at $309,000 after buying an additional 211 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

RY stock opened at $128.03 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. Royal Bank Of Canada has a 1-year low of $102.52 and a 1-year high of $130.00. The business has a 50 day simple moving average of $123.13 and a two-hundred day simple moving average of $120.04. The company has a market capitalization of $180.60 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 1.47 and a beta of 0.89.

Royal Bank Of Canada (NYSE:RY – Get Free Report) (TSE:RY) last released its earnings results on Thursday, May 29th. The financial services provider reported $2.20 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.05). The company had revenue of $11.38 billion during the quarter, compared to analysts’ expectations of $15.77 billion. Royal Bank Of Canada had a return on equity of 15.75% and a net margin of 13.37%. Royal Bank Of Canada’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $2.92 EPS. Research analysts anticipate that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, July 24th will be issued a dividend of $1.1152 per share. This represents a $4.46 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Thursday, July 24th. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.03. Royal Bank Of Canada’s dividend payout ratio is 45.67%.

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Royal Bank Of Canada from a “hold” rating to a “sell” rating in a report on Saturday, May 31st. CIBC reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Tuesday, May 20th. Scotiabank initiated coverage on shares of Royal Bank Of Canada in a research report on Thursday, May 15th. They set a “sector outperform” rating on the stock. Cibc World Mkts upgraded shares of Royal Bank Of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 3rd. Finally, Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a report on Monday, June 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.00.

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Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.

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